Effective January 1, 2010, all loan applications must use a new Good Faith Estimate form in order to be accepted. The Real Estate Settlement Procedures Act (RESPA) requires all mortgage lenders to provide you with a Good…
Posts Tagged ‘interest’
In Good Faith
Posted by ecreal on December 14th, 2009
The Lowdown: Prepaid Credit Cards
Posted by ecreal on October 12th, 2009
Having a problem qualifying for a credit card due to no credit or bad credit? These days a credit card is almost a necessity. Shopping online, booking hotel rooms or flights, and many subscriptions services require at…
Who Is Fannie Mae?
Posted by ecreal on October 5th, 2009
In the past year or so, there’s been a lot of news of Fannie Mae—but who is this mystery woman? Why is she always involved in stories on the housing market? Why is she causing us so…
What a Relief!
Posted by ecreal on September 20th, 2009
This past April, the government began accepting applications for a homeowner assistance program called Making Home Affordable, or MHA. This program is a $75 billion initiative aimed at keeping homeowners in their homes by making their mortgage…
Interested in Interest Rates?
Posted by ecreal on September 18th, 2009
Rates are going up. Rates are going down. It feels like a roller coaster! How are these peaks and valleys of interest rates determined? And what can you do to make sure that you get the best…
Credit Card Crackdown
Posted by ecreal on September 2nd, 2009
Great news! On August 20th, the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (Credit CARD Act) began effect. This establishes new regulations to protect people like you from the implementation of unfair and deceptive practices…
Time to refinance?
Posted by Tom Nowakowski on December 8th, 2008
Since I have written typically of the current financial position of the economy, I think it’s best to add the mortgage industry in this.
Whether your looking to lower your payment consolidate debt or purchase a new…